ASCOT MANAGEMENT: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ASCOT MANAGEMENT
Largest movements
- Current investments -€397,638
down €397,638 (-21.2%), from €1.9m to €1.5m
- Tangible fixed assets +€64,467
up €64,467 (+8.6%), from €749,534 to €814,002
of which Land and buildings: +€60,396
- Current portion of long-term debt -€190,508
down €190,508 (-21.4%), from €891,894 to €701,386
- Profit (loss) carried forward -€59,994
down €59,994 (-17.9%), from €334,397 to €274,403
- Other debts -€52,529
down €52,529 (-8.3%), from €633,916 to €581,388
- Financial income +€213,059
up €213,059 (+262.0%), from €81,314 to €294,372
- Gross operating margin -€122,211
down €122,211, from €59,868 to -€62,343
- Financial charges +€73,970
up €73,970 (+83.3%), from €88,799 to €162,768
- Other operating charges +€3,591
up €3,591 (+38.1%), from €9,433 to €13,024
- Staff costs +€1,661
up €1,661 (+4.1%), from €40,382 to €42,043
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,705,943 | €2,421,962 | -€283,981 | -10.5% |
| Fixed assets | 21/28 | €749,534 | €814,002 | +€64,467 | +8.6% |
| Tangible fixed assets | 22/27 | €749,534 | €814,002 | +€64,467 | +8.6% |
| Land and buildings | 22 | €744,418 | €804,814 | +€60,396 | +8.1% |
| Plant, machinery and equipment | 23 | €5,116 | €9,188 | +€4,072 | +79.6% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €1,956,409 | €1,607,960 | -€348,449 | -17.8% |
| Amounts receivable within one year | 40/41 | €28,359 | €53,214 | +€24,855 | +87.6% |
| Other amounts receivable | 41 | €28,359 | €53,214 | +€24,855 | +87.6% |
| Current investments | 50/53 | €1,878,826 | €1,481,188 | -€397,638 | -21.2% |
| Cash at bank and in hand | 54/58 | €42,757 | €66,979 | +€24,222 | +56.7% |
| Deferred charges and accrued income | 490/1 | €6,467 | €6,579 | +€112 | +1.7% |
| Total equity and liabilities | 10/49 | €2,705,943 | €2,421,962 | -€283,981 | -10.5% |
| Equity | 10/15 | €424,447 | €364,453 | -€59,994 | -14.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €28,050 | €28,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,050 | €28,050 | = | 0.0% |
| Legal reserve | 130 | €28,050 | €28,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €334,397 | €274,403 | -€59,994 | -17.9% |
| Amounts payable | 17/49 | €2,281,496 | €2,057,509 | -€223,988 | -9.8% |
| Amounts payable within one year | 42/48 | €1,530,770 | €1,301,022 | -€229,748 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €891,894 | €701,386 | -€190,508 | -21.4% |
| Trade debts | 44 | €1,172 | €11,222 | +€10,050 | +857.9% |
| Suppliers | 440/4 | €1,172 | €11,222 | +€10,050 | +857.9% |
| Taxes, remuneration and social security | 45 | €3,788 | €7,027 | +€3,239 | +85.5% |
| Taxes | 450/3 | - | €505 | +€505 | |
| Remuneration and social security | 454/9 | €3,788 | €6,522 | +€2,734 | +72.2% |
| Other amounts payable | 47/48 | €633,916 | €581,388 | -€52,529 | -8.3% |
| Accrued charges and deferred income | 492/3 | €750,727 | €756,487 | +€5,760 | +0.8% |
| Remuneration, social security and pensions | 62 | €40,382 | €42,043 | +€1,661 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,273 | €69,175 | +€902 | +1.3% |
| Other operating charges | 640/8 | €9,433 | €13,024 | +€3,591 | +38.1% |
| Non-recurring operating charges | 66A | - | €4,136 | +€4,136 | |
| Gross operating margin | 9900 | €59,868 | -€62,343 | -€122,211 | |
| Operating profit (loss) | 9901 | -€58,220 | -€190,721 | -€132,502 | -227.6% |
| Financial income | 75/76B | €81,314 | €294,372 | +€213,059 | +262.0% |
| Recurring financial income | 75 | €81,314 | €294,372 | +€213,059 | +262.0% |
| Financial charges | 65/66B | €88,799 | €162,768 | +€73,970 | +83.3% |
| Recurring financial charges | 65 | €88,799 | €162,768 | +€73,970 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,704 | -€59,117 | +€6,587 | +10.0% |
| Income taxes | 67/77 | - | €877 | +€877 | |
| Profit (loss) for the period | 9904 | -€65,704 | -€59,994 | +€5,711 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,704 | -€59,994 | +€5,711 | +8.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.